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Axis Completes Sale of Auto Finance Business

Thu, 12 Dec 2024 19:00:00 -0400

TORONTO--(BUSINESS WIRE)-- Axis Auto Finance Inc. (“Axis” or the “Company”) (TSX: AXIS), today announced that further to its press releases dated October 21, 2024, November 9, 2024 and December 6, 2024, the Company and its operating subsidiaries involved in the Company's auto finance business have completed the previously announced sale of the auto loan assets and undertaking of Axis (the "Transaction"). The purchase price for the assets was approximately $78,000,000 (after taking into account adjustments for changes in the composition of the auto loans assets and fair market value of inventory since December

Axis Completes Sale of Auto Finance Business

Thu, 12 Dec 2024 19:00:00 -0400

Axis Completes Sale of Auto Finance Business

Thu, 12 Dec 2024 19:00:00 -0400

Axis Completes Sale of Auto Finance Business

Thu, 12 Dec 2024 19:00:00 -0400

Axis Completes Sale of Auto Finance Business

Thu, 12 Dec 2024 19:00:00 -0400

Axis Completes Sale of Auto Finance Business

Thu, 12 Dec 2024 19:00:00 -0400

Axis Completes Sale of Auto Finance Business

Thu, 12 Dec 2024 19:00:00 -0400

Axis Completes Sale of Auto Finance Business

Thu, 12 Dec 2024 19:00:00 -0400

Axis Announces Proposed Redemption of Debentures

Fri, 06 Dec 2024 16:30:00 -0400

TORONTO--(BUSINESS WIRE)-- Axis Auto Finance Inc. (“Axis” or the “Company”) (TSX: AXIS), is pleased to announce that, pursuant to the terms of the indenture governing the Company's 7.5% Extendible Unsecured Convertible Subordinated Debentures issued in April 2018 (the "Debentures"), it has set December 16, 2024 as the redemption date for the Debentures (the "Redemption Date"). The Redemption Date has been set in anticipation of the Company closing its previously announced sale of the auto loan assets and undertaking of Axis to Fionic Canada Ltd. ("Fionic") and an affiliate of Fionic on or about

Axis Announces Proposed Redemption of Debentures

Fri, 06 Dec 2024 16:30:00 -0400

Axis Announces Proposed Redemption of Debentures

Fri, 06 Dec 2024 16:30:00 -0400

Axis Announces Proposed Redemption of Debentures

Fri, 06 Dec 2024 16:30:00 -0400

Axis Announces Proposed Redemption of Debentures

Fri, 06 Dec 2024 16:30:00 -0400

Axis Announces Proposed Redemption of Debentures

Fri, 06 Dec 2024 16:30:00 -0400

Axis Announces Proposed Redemption of Debentures

Fri, 06 Dec 2024 16:30:00 -0400

Axis Announces Proposed Redemption of Debentures

Fri, 06 Dec 2024 16:30:00 -0400

Axis Reports Results of Annual General and Special Meeting

Fri, 29 Nov 2024 18:10:00 -0400

TORONTO--(BUSINESS WIRE)-- Axis Auto Finance Inc. (“Axis” or the “Company”) (TSX: AXIS), is pleased to announce the voting results from its Annual General and Special Meeting of shareholders ("Shareholders”) held earlier today (the “Meeting”).

All the matters put forward before Shareholders for consideration and approval as set out in the Company's management information circular dated October 30, 2024 (the "Circular") were approved by the requisite majority of votes cast at the Meeting. In particular, Shareholders approved the election of all director nominees, re-approval of Ernest & Young LLP as the Company's auditors, the approval

Axis Reports Results of Annual General and Special Meeting

Fri, 29 Nov 2024 18:10:00 -0400

Axis Reports Results of Annual General and Special Meeting

Fri, 29 Nov 2024 18:10:00 -0400

Axis Reports Results of Annual General and Special Meeting

Fri, 29 Nov 2024 18:10:00 -0400

Axis Announces Filing of Credit Agreement and Amendments

Fri, 29 Nov 2024 07:30:00 -0400

TORONTO--(BUSINESS WIRE)-- Axis Auto Finance Inc. (“Axis” or the “Company”) (TSX: AXIS), announces that, at the request of the Ontario Securities Commission, the Company has filed a copy of the credit agreement and associated amendments in respect of the Company's senior funding facility (the "Facility"). If the transaction described in the Company's press release dated October 21, 2024 and its management information circular dated October 30, 2024 are approved and completed, then a portion of the proceeds from such transaction will be used to repay the amounts outstanding under the Facility.

About Axis Auto

Axis Announces Filing of Credit Agreement and Amendments

Fri, 29 Nov 2024 07:30:00 -0400

TORONTO--(BUSINESS WIRE)-- Axis Auto Finance Inc. (“Axis” or the “Company”) (TSX: AXIS), announces that, at the request of the Ontario Securities Commission, the Company has filed a copy of the credit agreement and associated amendments in respect of the Company's senior funding facility (the "Facility"). If the transaction described in the Company's press release dated October 21, 2024 and its management information circular dated October 30, 2024 are approved and completed, then a portion of the proceeds from such transaction will be used to repay the amounts outstanding under the Facility.
About Axis Auto

Axis Announces Filing of Credit Agreement and Amendments

Fri, 29 Nov 2024 07:30:00 -0400

TORONTO--(BUSINESS WIRE)-- Axis Auto Finance Inc. (“Axis” or the “Company”) (TSX: AXIS), announces that, at the request of the Ontario Securities Commission, the Company has filed a copy of the credit agreement and associated amendments in respect of the Company's senior funding facility (the "Facility"). If the transaction described in the Company's press release dated October 21, 2024 and its management information circular dated October 30, 2024 are approved and completed, then a portion of the proceeds from such transaction will be used to repay the amounts outstanding under the Facility.
About Axis Auto

Axis Announces Filing of Credit Agreement and Amendments

Fri, 29 Nov 2024 07:30:00 -0400

TORONTO--(BUSINESS WIRE)-- Axis Auto Finance Inc. (“Axis” or the “Company”) (TSX: AXIS), announces that, at the request of the Ontario Securities Commission, the Company has filed a copy of the credit agreement and associated amendments in respect of the Company's senior funding facility (the "Facility"). If the transaction described in the Company's press release dated October 21, 2024 and its management information circular dated October 30, 2024 are approved and completed, then a portion of the proceeds from such transaction will be used to repay the amounts outstanding under the Facility.
About Axis Auto

Axis Reports Q1 2025 Financial Results

Thu, 14 Nov 2024 07:30:00 -0400

TORONTO--(BUSINESS WIRE)-- Axis Auto Finance Inc. (“Axis” or the “Company”) (TSX: AXIS), today announced financial results for the first quarter of fiscal 2025.
Q1 2025 Financial Highlights

Total originations of $11.6 million, consisting of $5.6 million in automotive originations and $6.0 million in equipment originations;

Revenues of $8.4 million in the quarter, a 15% decline year over year;

The sale of Axis’ Equipment finance assets closed in the quarter, resulting in a gain of $0.06 million.

Subsequent to the sale of Equipment finance assets, the Equipment portfolio’s securitized assets and related debt were de-recognized, resulting in